Townsquare Capital LLC Purchases 10,561 Shares of HDFC Bank Limited (NYSE:HDB)

Townsquare Capital LLC lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,890 shares of the bank's stock after acquiring an additional 10,561 shares during the quarter. Townsquare Capital LLC's holdings in HDFC Bank were worth $3,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Vanguard Group Inc. raised its holdings in HDFC Bank by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 122,023 shares of the bank's stock worth $6,830,000 after purchasing an additional 12,037 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in HDFC Bank in the first quarter worth about $222,000. Hancock Whitney Corp purchased a new stake in HDFC Bank in the first quarter worth about $289,000. Virtu Financial LLC bought a new stake in HDFC Bank during the 1st quarter valued at approximately $423,000. Finally, LRI Investments LLC purchased a new position in shares of HDFC Bank during the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 1.1 %

Shares of HDB stock traded down $0.74 during mid-day trading on Friday, reaching $66.76. 2,688,657 shares of the company's stock traded hands, compared to its average volume of 3,008,595. The company's 50-day moving average price is $63.34 and its 200-day moving average price is $61.57. The company has a market cap of $169.06 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.79 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.76.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, equities analysts expect that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday.

HDFC Bank Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.